Meta’s Mark Zuckerberg says he is in charge as the company prepares for mass layoffs

Meta’s Mark Zuckerberg says he is in charge as the company prepares for mass layoffs

When WHEN -0.26% Platforms Inc. will begin laying off employees Wednesday morning, CEO Mark Zuckerberg told hundreds of executives Tuesday. Mr. Zuckerberg appeared dejected at Tuesday’s meeting, saying he was responsible for the company’s missteps and that his overoptimism about growth had led to overstaffing, according to people familiar with the meeting. Meta’s chief human … Read more

Foxconn’s efforts to ease workers’ fears of Covid led to tighter lockdowns

Foxconn’s efforts to ease workers’ fears of Covid led to tighter lockdowns

HONG KONG – When a small group of workers spent 27 hours locked inside the world’s largest iPhone factory in early October, it appeared to be little more than another temporary lockdown in China’s ongoing war against Covid-19. But the outbreak continued and on Monday, days after saying operations were stabilizing, Foxconn Technology Group cut … Read more

Foxconn plans to invest $170 million in EV truck maker Lordstown Motors

Foxconn plans to invest $170 million in EV truck maker Lordstown Motors

The two companies said Monday that Taipei-based Foxconn plans to spend $170 million to buy common stock and newly created preferred stock, giving Lordstown Motors a fresh injection of capital as it works to ramp up production of its debut model, the Endurance. In addition, Foxconn and Lordstown Motors said they would jointly develop their … Read more

Apple warns iPhone production disrupted by China’s Covid-19 restrictions

Apple warns iPhone production disrupted by China’s Covid-19 restrictions

The Cupertino, California-based tech giant said on Sunday that the Zhengzhou assembly plant is currently operating but at reduced capacity. “We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously expected, and customers will experience longer wait times to receive their new products,” the company said. Last week, Apple … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Streaming services raise prices again. How to avoid paying too much.

Streaming services raise prices again.  How to avoid paying too much.

A few things in life are inevitable: bad weather, taxes and streaming service price increases. Netflix’s main plan — high-definition video with two simultaneous streams — was $8.99 a month in 2014, and now it’s $15.49 a month. The company’s competitors including Disney+, Hulu and Apple’s Apple AAPL -0.19% TV+ is also raising prices. Even … Read more

Streaming services raise prices again. How to avoid paying too much.

Streaming services raise prices again.  How to avoid paying too much.

A few things in life are inevitable: bad weather, taxes and streaming service price increases. Netflix’s main plan — high-definition video with two simultaneous streams — was $8.99 a month in 2014, and now it’s $15.49 a month. The company’s competitors including Disney+, Hulu and Apple’s Apple AAPL -0.19% TV+ is also raising prices. Even … Read more

Apple and Google shares just had their worst week in more than two years

Apple and Google shares just had their worst week in more than two years

The shares of Apple Inc. and Alphabet Inc. both suffered their biggest weekly declines since the start of the pandemic this week as Big Tech companies continued to draw closer scrutiny from Wall Street. Apple’s stock AAPL, -0.19% ended down 11.2% for the week, its worst weekly performance since the week ended March 20, 2020, … Read more

Qualcomm’s longevity with Apple comes at a price

Qualcomm’s longevity with Apple comes at a price

Cristiano Amon is the CEO of Qualcomm. The company on Wednesday became the latest chipmaker to see its numbers hit by a rapidly weakening smartphone market. Photo: Victor J. Blue/Bloomberg News Updated November 3, 2022 at 4:52 PM ET Qualcomm QCOM -7.66% will keep Apple‘s AAPL -4.24% lucrative iPhone business for a while yet – … Read more